Oman’s Public
Spending Increases 2pc

Muscat, 24
Nov 2025 (ONA) — Public revenue totalled RO 8,481 million by the end of Q3
2025, reflecting an 8% decrease from RO 9,198 million recorded during the same quarter of 2024. The decline is
largely due to a fall in hydrocarbon revenue.

The quarterly
bulletin issued by the Ministry of Finance said that the net oil revenue
amounted to RO 4,710 million as of the end of Q3 2025, representing a 13%
decrease from RO 5,436 million collected during the same quarter of 2024, due
to lower average oil prices and production.

Net gas
revenue reached RO 1,296 million as of the end of Q3 2025, reflecting a 4%
decline from RO 1,345 million recorded in the same quarter of 2024. This
decline is attributed to the Integrated Gas Company’s methodology for
collecting gas revenue.

Current
revenue totalled RO 2,449 million as of the end of Q3 2025, indicating a 2%
increase, i.e., RO 50 million, from RO 2,399 million collected during the same
quarter in 2024.

By the end
of Q3 2025, public spending totalled RO 8,914 million, marking a 2% increase,
i.e., RO 191 million, from RO 8,722 million recorded during the same quarter of
2024. This increase is attributed to higher development expenditure, which rose
by RO 263 million, i.e., 31% compared to the same period in 2024.

Current
expenditure amounted to RO 6,227 million as of the end of Q3 2025, reflecting a
1% decrease, i.e., RO 75 million, from RO 6,152 million reported during the
same quarter of 2024.

Development
expenditure of the ministries and government units reached RO 1,103 million as
of the end of Q3 2025, exceeding the allocated spending ceiling by 23% against
the total development budget of RO 900 million for 2025, driven by the
accelerated execution of ongoing development projects.

Contribution
and other expenses totalled RO 1,583 million as of the end of Q3 2025,
indicating a 9% decrease, i.e., RO 148 million, from RO 1,731 million recorded
in the same quarter of 2024.

Subsidy
allocations included RO 378 million to the electricity sector, RO 424 million
to the social protection system, and RO 55 million for oil products.
Furthermore, RO 300 million was transferred to the future debt obligations
budget item.

By the end
of Q3 2025, spending on social sectors and basic services totalled RO 3,817
million, distributed across education sector by 37%, health sector by 26%,
security and social welfare by 26% and housing sector by 11%.

By the end
of Q3 2025, the Ministry of Finance had paid over RO 1,225 million to the
private sector, received through the financial system with complete
documentation. This reflects the Ministry’s commitment to settling fully
documented private sector dues within an average of five working days.

By the end
of Q3 2025, public debt stood at RO 14.7 billion, up from RO 14.4 billion at
the end of the same quarter in 2024. This is mainly due to: Refinancing of
domestic debt instruments in accordance with the borrowing plan, Proactive
management of obligations due in the fourth quarter of the 2025, capitalizing
on improved debt market conditions, Continued government efforts to develop the
domestic debt market by building a benchmark yield curve for public debt and Expanding
the local debt market through the issuance of sovereign sukuk and local
development bonds.

—
Ends/Khalid